On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
USD/JPY: bulls prepare to fight
TP1 107.85 TP2 108.15
On the daily chart, USD/JPY after reaching 127.2% target of AB=CD, bulls managed to take the pair out of the downtrend channel. Formation of “Wolfe waves” pattern will increase the odds of correction towards at least 107.85.
On H1, there are “Wolfe waves” and the “Shark” patterns. Their targets, including 113% of the “Shark” point at 108.15. A break of resistance at 107 will increase the possibility of advance to that levels.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...